Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$67,050
Federal tax deduction
- $10,123
Provincial tax deduction
- $4,615
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $19,191
Net pay
*
$47,859
Marginal tax rate
29.7%
Average tax rate
28.6%
71.4%
Net pay
28.6%
Total tax
Total tax
Net pay
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The Taxberg
$47,859
Net pay
$4,834
Tax the employer pays
$19,191
Tax you pay
Total tax paid
$24,025
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $67,050. In other words, every time you spend $10 of your hard-earned money, $3.58 goes to the government.
Real tax rate
33.4%
So, with you and the employer both paying tax, what used to be a 28.6% tax rate now rises to 33.4%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $67,050 a year living in the region of Ontario, Canada, you will be taxed $19,191. That means that your net pay will be $47,859 per year, or $3,988 per month. Your average tax rate is 28.6% and your marginal tax rate is 29.7%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $29.65, hence, your net pay will only increase by $70.35.
Bonus Example
A $1,000 bonus will generate an extra $704 of net incomes. A $5,000 bonus will generate an extra $3,518 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 49,395
26.3%
1
British Columbia
CAD 48,674
27.4%
2
Northwest Territories
CAD 48,198
28.1%
3
Yukon
CAD 48,112
28.2%
4
Ontario
CAD 47,859
28.6%
5
Alberta
CAD 46,214
31.1%
6
Saskatchewan
CAD 45,495
32.1%
7
New Brunswick
CAD 45,389
32.3%
8
Newfoundland and Labrador
CAD 45,410
32.3%
9
Quebec
CAD 45,386
32.3%
10
Manitoba
CAD 45,077
32.8%
11
Prince Edward Island
CAD 44,847
33.1%
12
Nova Scotia
CAD 44,529
33.6%
13
Show more
North America
Country
Net pay
Average tax
Rank
USA
CAD 52,925
21.1%
1
Canada
CAD 47,859
28.6%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 60,243
10.2%
1
Taiwan
CAD 58,075
13.4%
2
Thailand
CAD 55,433
17.3%
3
South Korea
CAD 54,035
19.4%
4
Kazakhstan
CAD 53,946
19.5%
5
Australia
CAD 52,626
21.5%
6
New Zealand
CAD 51,529
23.2%
7
Singapore
CAD 51,297
23.5%
8
Indonesia
CAD 50,468
24.7%
9
Pakistan
CAD 49,815
25.7%
10
Japan
CAD 49,645
26.0%
11
Malaysia
CAD 48,624
27.5%
12
Philippines
CAD 47,826
28.7%
13
Vietnam
CAD 45,870
31.6%
14
China
CAD 44,043
34.3%
15
India
CAD 41,310
38.4%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 60,427
9.9%
1
Puerto Rico
CAD 56,038
16.4%
2
Costa Rica
CAD 55,897
16.6%
3
Chile
CAD 55,306
17.5%
4
Ecuador
CAD 53,407
20.4%
5
Panama
CAD 53,024
20.9%
6
Colombia
CAD 51,378
23.4%
7
Peru
CAD 50,211
25.1%
8
Brazil
CAD 49,394
26.3%
9
Mexico
CAD 48,999
26.9%
10
Uruguay
CAD 45,786
31.7%
11
Argentina
CAD 43,573
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
CAD 49,020
26.9%
1
South Africa
CAD 48,066
28.3%
2
Kenya
CAD 47,641
29.0%
3
Mozambique
CAD 46,663
30.4%
4
Nigeria
CAD 45,781
31.7%
5
Ghana
CAD 45,743
31.8%
6
Ivory Coast
CAD 44,492
33.6%
7
Morocco
CAD 43,779
34.7%
8
Cameroon
CAD 42,540
36.6%
9
Uganda
CAD 41,854
37.6%
10
Senegal
CAD 41,823
37.6%
11
Zambia
CAD 41,643
37.9%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 63,697
5.0%
1
Qatar
CAD 63,697
5.0%
2
Bahrain
CAD 61,686
8.0%
3
Oman
CAD 61,686
8.0%
4
Saudi Arabia
CAD 60,345
10.0%
5
Kuwait
CAD 59,674
11.0%
6
Israel
CAD 52,749
21.3%
7
Egypt
CAD 50,672
24.4%
8
Lebanon
CAD 50,551
24.6%
9
Turkey
CAD 39,318
41.4%
10
Show more
NOTE* Withholding is calculated based on the Ontario tables of Canada, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.